The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-16
CONDITION OF THE MARKETS
Increase in the Buying of Wheat, Ac-
companied by a Confident Feeling.
Corn Opens with Firm Feeling, but Weak
ems Tri1e Before the Close-0ats Qniet
and Firm-Provisions Unsettled.
MONEY, BONDS AND STOCKS.

An Active and Feyerish Market, = Majority of
shares Being Decidedly Strong
NEW YORK, Nov 15.-Money on call was
easy at Al to per cent fhe last loan being made
at per cent. closing offered at per cen.
Prime mercantile paper, as per cent.
Sterling exchange was dull but steady and
unchanged
The total sales of stocks to-day were 1893. 636
shares. including the following: Canada South
ern. $500; Delaware. Lackawanna 81 Western,
37,750; Erie, 1920; Kansas and Texas, 1850;
Lake Shore, $3.50; Louisville e Nashville. 9, 400;
Missouri Pacific. 80 $50; Northwestern. -10,l O2;
New Jersey Central 800; Northern Pacific pre-
ferred. 5505; Oregon & Transcontnental. $500;
Pacific Mail, 1890; Reading &C. 400; St Paul,
81. 625; Texas Pacific, 6, 160; Union PACING, I2,-
$50; Western Union 20, 700
The stock market to day was active and fe-
verish, but in the main strong, though there
were heavy realizatons which at one time wiped
out the gains of the early trading. There were
heavy sales of !long" stock by the bulls ana
persistent attacks by the .'bears." hut there was
a good demand for dividend paying securities
while several of the non-dividend- paying stocks
came to the front, Tennessee Coal being the
most prominent example of this class among
the leading shares, Missouri Pacific was the
special feature, and very good buying was
forced uD over per cent, which made the
shorts nervous, and liberal covering was IN
dulged in at one time. Later. however, there
was free selling by London, Chicago and the
local operators, though the resistancs to the at
tack was strong and effective. Reading was
comparatively quiet Among the low-priced
stocks the smaller coal companies. San Fran
cisco, Wheeling & Lake Erie. aud Oregon Short
line were conspicuous for strength. The market
gave indications of q renewal OF the de-
rnand from outsiGe spectators, and reports
from London showed better feeling in Ameri-
cans there. The opening was weak at declines
OF from to per cent. from the closing prices
of yesterday, but the depression was OF short du-
ration and prices began to rise again Immediately.
Northwestern very strong in the early trad
ing but Missouri Pacific soon came to the front.
and with an advance of over ! per cent assumed.
the lead on very large transactions. The market
became less active and not so feversh in the aft
ernoon, the advance being checked by o'clock,
and by delivery hour many stocks had scored
their lowest prices for the'day A better feeling
prevailed in the last hour, however, aud ma
terial gains were made over the entire list. The
close was active and strong at something below
the best figures Almost everything is higher
tonight, and Tennessee Coal rose q; Jersey
Central II; Missouri Pacific, Is; San Francisco,
IL; Hooking Coal. l per cent.
Railroad bonds were quiet, and followed the
course of the share market very closely, final
prices generally showing advances; sales, 81
05l 000
Government bonds were dull and rather heavy.
State bonds were dull and without change.
w.